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5 Things to Know Today: G7 Oil Release, Pipeline Fast-Track and Ontario's N1 Deadline (Oct. 3)

  Canadian Money Brief • Saturday, October 3, 2026 Markets are closed for the weekend, so here is what moved on Friday and what it means for your wallet as the week turns. Five things worth knowing today. 1. The G7 Is Releasing 100 Million Barrels of Oil and Fuel G7 leaders, Canada included, agreed Friday to release 100 million barrels of crude and refined products from emergency reserves over the next four months, with a front-loaded diesel release in the first 20 days. Washington had been pressing allies to act as fuel prices climbed. Oil barely budged on the news: Brent settled at US$102.25 a barrel and WTI at US$91.11, down US$1.76. Analysts noted it is not yet clear whether the 100 million barrels is new supply or the tail end of the release pledged in March. What it means for you: Diesel comes first, which matters more for freight and grocery costs than for your gas tank. With Brent still around US$100, do not count on a quick drop at the pump. 2. A Weak U.S. Jobs Report Shi...
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Australia Decides: Voters Head to the Polls in Pivotal Election

Australians are casting their votes today in a national election that could shape the country’s future for years to come. Prime Minister Anthony Albanese’s Labor Party is facing off against the conservative opposition led by Peter Dutton, with key issues such as cost-of-living pressures, affordable housing, and energy policy dominating the campaign.

Polling stations opened early across the country, with voters lining up to make their voices heard. Both major parties have focused on economic concerns, but global uncertainty—particularly the influence of U.S. President Donald Trump’s policies—has played a significant role in shaping voter sentiment.

Albanese, seeking a second term, has emphasized his government’s achievements, including rising wages and declining inflation. Meanwhile, Dutton has promised to cut government spending and reduce immigration, positioning himself as a strong alternative to Labor’s leadership.

With opinion polls showing a tight race, the outcome remains uncertain. As ballots are counted, Australians await the results that will determine the nation’s direction in the coming years.

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